Marine and General Bhd reported a net profit of RM3.52mil for its fourth quarter ended April 30, 2022, compared with a net loss of RM10.27mil in the previous corresponding period, mainly due to higher contributions from both its upstream and downstream divisions. (TheStar)

Research firms have maintained their positive calls on Gamuda Bhd on the expectation that the group would continue to deliver stellar revenue and earnings in the fourth quarter (Q4) of its financial year 2022 (Q4 FY22) and FY23. MIDF Research said it is positive on the construction sector, in line with the rollout of the Mass Rapid Transit 3 (MRT3) project, the impending rollout of various infrastructure projects and Gamuda's strong foothold in Australia as it continues to clinch mega projects there. (NST)

HIL Industries Bhd's earnings growth momentum is expected to sustain into the financial year 2022 (FY22)-FY24, driven by new property launches and maintaining strong earnings contribution from domestic manufacturing. Hong Leong Investment Bank (HLIB) Research said increasing plastic manufacturing would underpin the growth momentum for automotive industry-driven major clients Perodua, Toyota, and Honda with higher content and cars and the growing contributions from their pipeline of new property launches. (NST)

There is a more robust recovery prospect for SAM Engineering & Equipment (M) Bhd's (SAMEE) aerospace division beyond 2022, driven by the strong demand outlook for commercial aircraft production. CGS-CIMB Research said aviation industry market research group Forecast International Inc projects total commercial aircraft production by Airbus and Boeing combined to grow by 32 per cent, 26 per cent and 11 per cent in 2022, 2023 and 2024. (NST)

AwanBiru Technology Bhd (Awantec), having been appointed as a Google Cloud Authorised Training Partner (ATP), aims to train 5,000 employees in the public sector for the financial year 2023 (FY23). The company can now deliver certified curriculum courses from the Google cloud platform to users in both the public and private sectors, as well as the general public. Its chief executive officer Rezal Rahman said Awantec could support the government in its efforts to execute the Digital Blueprint and achieve its digital transformation goals, specifically focusing on upskilling talent. (NST)

My E.G. Services Bhd’s (MYEG) blockchain platform, Zetrix and China's Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) have jointly introduced blockchain-based services that pave a major milestone in enabling cross-border business with China on the blockchain. (TheStar)

EVD Bhd made its debut on Bursa Malaysia Securities Bhd’s ACE Market today by assuming the listing status of iDimension Consolidated Bhd (ICB), opening at 26 sen per share. (TheStar)

Xelmont Ltd, an indirect wholly-owned subsidiary of Mudajaya Group Bhd, has entered into a share sale and purchase agreement with Minyi Holdings Ltd to acquire the entire equity interest in Real Jade Ltd for RM224.32mil to be fully satisfied by cash. (TheStar)

Tenaga Nasional Bhd (TNB) has issued RM4bil in nominal value Islamic Medium-Term Notes (IMTN), also known as sukuk wakalah, under an IMTN programme of up to RM10bil.

PLS Plantation Bhd has appointed Lee Hun Kheng as the group chief executive officer (CEO) effective today. Lee also retained his role as the company's executive director and CEO of Aramijaya Agri & Agro Sdn Bhd, which has been involved in developing innovative supply chain and forest management processes to create high-quality, sustainable forest products and services since 2002. (NST)

Malaysia Building Society Bhd (MBSB) has appointed Datuk Nor Azam M. Taib (pic) as its group chief executive officer, as well as that of its subsidiary companies including MBSB Bank Bhd, with effect today. (TheStar)

Power distribution solutions provider Powerwell Holdings Bhd has appointed Datuk Adam Yee Hee Hoon as its deputy managing director, effective immediately. (TheStar)

RHB Retail Research said Censof Holdings Bhd is set to resume its bullish momentum after it bounced off the support and breached the 30 sen resistance on Thursday with surging trading volume, indicating that strong buying interest has emerged. (TheEdge)

RHB Retail Research said KYM Holdings Bhd is set for a technical rebound as it broke above the 51 sen resistance on Thursday on improved trading volume, forming a “higher high” bullish pattern above the 21-day average line. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star  01 Jul 2022

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